Close X
Wednesday, September 25, 2024
ADVT 
International

Azim Premji, Shiv Nadar Among World's Tech Billionaires

IANS, 12 Aug, 2015 11:55 AM
    Two Indian tech tycoons, Wipro chairman Azim Premji and HCL co-founder Shiv Nadar are in the Forbes' first ever list of the 100 richest people in the technology field, dominated by Americans with Microsoft founder Bill Gates at the top.
     
    Two Indian-Americans tech czars, Romesh Wadhwani, CEO and chairman of Symphony Technology Group, and Bharat Desai, co-founder of IT consulting and outsourcing company Syntel also figure on the list released last week.
     
    Premji, 70, with a net worth of $17.4 billion is ranked 13th on the list followed by Shiv Nadar, 70, in the 14th spot with $14.4 billion.
     
    Wadhwani, 67, is ranked 73rd with a net worth of $2.8 billion while Desai, 62, with $2.5 billion is in the 82nd spot.
     
    Premji's Wipro, India's third-largest outsourcer, reported a 10 percent rise in revenues to $1.9 billion in the last quarter, on the back of new business from clients such as ABB and Philip Morris, the magazine noted.
     
    Nadar, Forbes noted, has diversified into healthcare with HCL Avitas, a new firm in partnership with John Hopkins Medicine International, which has opened 10 clinics in Delhi.
     
    Wadhwani has a degree in electrical engineering from the Indian Institute of Technology and a PhD from Carnegie Mellon. His Symphony Technology Group is a collection of 20 companies spanning big data, analytics and software.
     
    Syntel, co-founded by Desai and his wife Neerja Sethi, now generates over $900 million in revenue, has a market cap of over $3 billion and more than 24,500 employees across the globe.
     
     
    While 51 American billionaires are on the list, tech barons from Asia made a strong showing as well, with 33 people hailing from that region. Forty of the 100 live in California.
     
    Bill Gates, who's also the world's richest man, ranks number one among tech tycoons, with a net worth of $79.6 billion.
     
    Number two on the list is Larry Ellison, founder of database software firm Oracle, with a net worth estimated at $50 billion.
     
    The third richest on the list is Jeff Bezos with a net worth of $47.8 billion followed by Facebook founder Mark Zuckerberg in the fourth place with $41.2 billion.
     
    Google co-founders Larry Page and Sergey Brin are ranked fifth and sixth respectively.
     
    Altogether, the world's 100 richest tech billionaires are worth $842.9 billion.
     
    Just seven women made the list, the wealthiest of whom is Laurene Powell Jobs, the widow of Steve Jobs, with an estimated net worth of $21.4 billion.
     
    Nearly all of the 100 are self-made billionaires: 94 made their own luck, 3 inherited their fortunes, and 3 have inherited fortunes but have been actively expanding them.

    MORE International ARTICLES

    Kate Middleton Makes First Public Appearance With Newborn Baby Daughter Looking Immaculate

    Kate Middleton Makes First Public Appearance With Newborn Baby Daughter Looking Immaculate
     The newborn British princess on Saturday evening made her first public appearance, along with her parents, the Duke and the Duchess of Cambridge, outside St. Mary's Hospital where she was born.

    Kate Middleton Makes First Public Appearance With Newborn Baby Daughter Looking Immaculate

    Sikhs Explain Meaning Of Turban To US Lawmakers

    Sikhs Explain Meaning Of Turban To US Lawmakers
    Sikhs have to explain to American people what the turban means because that is the immediate source of their identification, according to the author of a new report on Sikhs in America presented to US lawmakers.

    Sikhs Explain Meaning Of Turban To US Lawmakers

    Online Voting Can Be A Reality In Britain By 2020 Thanks To This Indian-Origin Man Gurchetan Grewal

    Online Voting Can Be A Reality In Britain By 2020 Thanks To This Indian-Origin Man Gurchetan Grewal
    Even as voters gear up to stand in queue for Britain's upcoming general election this month, researchers, including one of Indian-origin, have developed a technique to allow people to vote online - even if their home computers are suspected of being infected with viruses.

    Online Voting Can Be A Reality In Britain By 2020 Thanks To This Indian-Origin Man Gurchetan Grewal

    We Are Really Blessed To Have Neighbours Like India: Sushil Koirala

    Appreciating the help extended by Indian rescuers following the devastating earthquake that rocked Nepal on April 25, Prime Minister Sushil Koirala said on Friday that the country is blessed to have neighbours like India.

    We Are Really Blessed To Have Neighbours Like India: Sushil Koirala

    India 'A Life Saver', Say Grateful Quake Survivors

    India 'A Life Saver', Say Grateful Quake Survivors
    India was quick to respond to the disaster by launching a massive relief and rescue operation within hours of the temblor that has left over 6,000 people dead.

    India 'A Life Saver', Say Grateful Quake Survivors

    Is Australian Coal-lobby Blocking Uranium Deal With India?

    Is Australian Coal-lobby Blocking Uranium Deal With India?
    After India signed a deal with Canada on uranium imports during Prime Minister Narendra Modi's visit to Ottawa, questions are being raised as to why it has taken Canberra so long to clinch a similar pact.

    Is Australian Coal-lobby Blocking Uranium Deal With India?